Reuters • 2023-09-22

California lets insurers factor wildfire risks in rates to widen coverage

California Insurance Commissioner Ricardo Lara took steps on Thursday to allow property insurers to factor in climate risks including wildfires in rate prices, if they increase underwriting in at-risk areas to wean consumers off state-funded coverage.

The Washington Post • 2023-09-22

California plans big insurance shifts as climate change hits home

The actions of the nation’s biggest state could have implications for U.S. consumers, as more carriers leave disaster-prone states.

CBS • 2023-09-20

Homes in parts of the U.S. are "essentially uninsurable" due to rising climate change risks

Extreme weather is spurring some insurers to exit states like California and Florida, while homeowners grapple with surging premiums.

The Economist • 2023-09-21

Climate change is coming for America’s property market

Insurance is supposed to signal risk. Policymakers should let it

Los Angeles Times • 2023-09-14

Column: Home insurance and climate change have collided — and we're all going to pay for it

Even as insurers flee California, lawmakers couldn't hammer out a deal to fix the collapsing market. Inaction will only make disasters more expensive.